PTC India Financial Services is planning to focus on lending to the renewable energy sector and ensure that the sector accounts for 50% of its total exposure by March 2016, up from the current 38%.
The non-banking financial company is promoted by PTC India and key shareholders include Macquarie Bank. Till December 31, 2014, the company has sanctioned loans of Rs 12,449 crore, of which, Rs 4,996 crore has been granted to the renewable energy sector. In comparison, loans sanctioned for the thermal power sector stand at Rs 3,981 crore.
PTC India Financial Services continues to maintain a strong focus on growing its loan book, backed by emphasis on renewable energy and diversification across the energy value chain. The company maintains a diversified borrowing mix and is adequately funded to scale up its lending activity and achieve sustained growth. The current equity investment exit will further aid headroom for growth.
